California Proposition 60A (2004)
Encyclopedia
Proposition 60A was an amendment of the Constitution of California, enacted in 2004, relating to funds from the sale of government property. It was proposed by the California Legislature
California State Legislature
The California State Legislature is the state legislature of the U.S. state of California. It is a bicameral body consisting of the lower house, the California State Assembly, with 80 members, and the upper house, the California State Senate, with 40 members...

 and approved by the voters in a referendum
Referendum
A referendum is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal. This may result in the adoption of a new constitution, a constitutional amendment, a law, the recall of an elected official or simply a specific government policy. It is a form of...

 held as part of the November 2004 election, by a majority of 73%.

Provisions

The law directed funds collected from the sale of surplus government property toward repaying the $15 billion in bonds
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...

 authorized by the passage of Proposition 57
California Proposition 57 (2004)
Proposition 57 was a California ballot proposition on the March 2, 2004 ballot. It was passed with 4,056,313 votes in favor and 2,348,910 against. The proposition authorized the state to sell $15 billion in long-term bonds to pay off accumulated deficits...

 in March 2004. The official summary of the proposition reads:
To do this the amendment added to the state constitution Article III, Section 9, stating that
The Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact predicted "Net savings over the longer term-potentially low. Tens of millions of dollars-from accelerated repayment of existing bonds".

Process of enactment

In 2004 the state legislature proposed a constitutional amendment called Senate Constitutional Amendment 18. This contained provisions relating to both primary elections and funds from the sale of government property. This was to be put to voters as a single measure called Proposition 60
California Proposition 60 (2004)
Proposition 60 was an amendment of the Constitution of California, enacted in 2004, guaranteeing the right of a party participating in a primary election to also participate in the general election that follows...

. However Californians for an Open Primary challenged the measure as a violation of the rule that ballot propositions
California ballot proposition
In California, a ballot proposition is a proposed law that is submitted to the electorate for approval in a direct vote . It may take the form of a constitutional amendment or an ordinary statute. A ballot proposition may be proposed by the State Legislature or by a petition signed by members of...

 must deal with only a single subject. The group wished to have Proposition 60 removed from the ballot. Instead, in Californians for an Open Primary v. Shelley, the Third District Court of Appeals ordered that the proposition be split, so that the provisions relating to government property would become a separate measure, called Proposition 60A.

Senate Constitutional Amendment 18 (which included the provisions that would become Proposition 60A) was approved by the California Assembly
California State Assembly
The California State Assembly is the lower house of the California State Legislature. There are 80 members in the Assembly, representing an approximately equal number of constituents, with each district having a population of at least 420,000...

 by a vote of 55-21 and by the State Senate
California State Senate
The California State Senate is the upper house of the California State Legislature. There are 40 state senators. The state legislature meets in the California State Capitol in Sacramento. The Lieutenant Governor is the ex officio President of the Senate and may break a tied vote...

by a vote of 28-3. On November 2, 2004 it was approved by the electorate with 7,776,374 (73.3%) votes in favor and 2,843,435 (26.7%) against.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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